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Tech Bulls Charge: Amazon Jumps 13% · The SPY Trader

• 0:00
  Welcome back to Spy Trader , the only podcast that gives you the market moves before your morning coffee is even brewed .
• 0:07
  I'm your host , Barry Bullish , and it's 6 am on Friday , October 31st , 2025 , Pacific Time .
• 0:15
  The ghosts and goblins might be out tonight , but the bulls are firmly in charge this morning , wiping away yesterday's dip .
• 0:23
  Futures are strongly up , led by the Nasdaq100 , which is indicating a jump of over one percent in early trading .
• 0:31
  We are set to close both the week and the month in positive territory , driven almost entirely by blockbuster earnings from Big Tech that are overshadowing persistent macroeconomic gloom .
• 0:43
  The main story today is the incredible bifurcation within the ' Magnificent Seven' tech giants .
• 0:49
  While Meta Platforms and Microsoft recently spooked the market with warnings about steep capital expenditures for AI data centers , Apple and Amazon came roaring back to save the day .
• 1:01
  Apple reported strong quarterly earnings , fueled by robust iPhone sales , while Amazon delivered a true barnburner , jumping over thirteen percent in premarket trading thanks to a massive twenty percent increase in its cloud revenue segment , AWS .
• 1:19
  This immediate positive momentum confirms that , right now , companyspecific results are winning out against broader fears .
• 1:28
  Elsewhere , we saw a split decision in the Energy sector , where Chevron was up on strongerthanforecast results , but Exxon Mobil was slightly down in premarket trading .
• 1:38
  And keep an eye on Netflix , whose stock is spiking on the announcement of a 10forone stock split , potentially paving the way for its inclusion in the Dow Jones .
• 1:49
  On the macroeconomic front , we have a confusing picture .
• 1:53
  The Federal Reserve delivered its second consecutive 25basis point rate cut , moving the target range down to 3.75 to 4.00 percent .
• 2:03
  While this is the lowest level in three years and reflects the Fed’s focus on employment risks , the bond market is having none of it .
• 2:12
  The 10year Treasury yield is stubbornly sitting near 4.11 percent .
• 2:18
  This high longterm yield acts as a restrictive force on the economy , pushing up the cost of capital for virtually all businesses and challenging the market’s relief over the shortterm rate cut .
• 2:29
  Our core analysis is this : we are in a period of TechDriven Optimism at a Macroeconomic Crossroads .
• 2:37
  The strength of companies like Amazon and Apple , with verifiable cash flow and growth , is currently too strong for the market to ignore .
• 2:46
  The Nasdaq100 , represented by the Invesco QQQ Trust , is up approximately 4.1 percent just this month .
• 2:55
  However , the high capital expenditure worries and the structural issue of the rising 10year yield mean volatility remains high .
• 3:04
  For recommendations , let's keep it simple and grounded .
• 3:08
  First , for core portfolio accumulation , continue to dollarcost average into diversified ETFs like the Vanguard S&P 500 ETF , VOO , or the iShares CORE S&P 500 ETF , IVV .
• 3:24
  These capture the overall positive trend driven by the fifty largest US companies that are currently benefitting from these strong earnings .
• 3:32
  Second , for tactical exposure , you must be overweight technology right now .
• 3:37
  The momentum is undeniable .
• 3:40
  We recommend maintaining exposure to the Invesco QQQ Trust , which is leading the rally , or the Technology Select Sector SPDR Fund , XLK .
• 3:50
  Specifically , Amazon , ticker AMZN , is a prime example of execution being rewarded , making it a key stock to watch given its massive jump .
• 3:59
  Third , for risk management , don't forget fixed income .
• 4:03
  While the Fed cut rates , the high longterm yields mean longduration bonds remain risky .
• 4:10
  Stick to diversified total bond funds like the Vanguard Total Bond Market ETF , BND , or the iShares Core U.S.
• 4:18
  Aggregate Bond ETF , AGG , as a stability hedge against potential equity volatility .
• 4:25
  Steer clear of being overly aggressive on longduration instruments like TLT while the 10year yield holds this high 4.11 percent level .
• 4:34
  That’s the playbook for today .
• 4:36
  Have a fantastic Friday , and we'll catch you on the next episode of Spy Trader .